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investment, lower short-term interest rates make delay more desirable. These influences work against each other so the net effect … of stimulative monetary policy actions could go either way. This article outlines a simple investment decision rule that … or may not affect fixed investment. …
Persistent link: https://www.econbiz.de/10005065524
Credit affects the economy via various channels: its price, collateral requirements and the extent of rationing. Would the intensity of monetary transmission be affected by the market structure of the credit industry? Using a spatial competition framework I demonstrate how credit market...
Persistent link: https://www.econbiz.de/10005065528